“We took outside legal advice on the situation and the process at multiple points, and it was duly followed. For the purposes of limiting legal liability, that advice also included making the announcement very terse and factual. I appreciate this is at tension with the transparency that the community would hope to see, but Directors are also obligated to look after the Foundation’s legal requirements and financial interests.”
They also seem to say:
“We took outside legal advice on the situation and the process at multiple points, and it was duly followed. For the purposes of limiting legal liability, that advice also included making the announcement very terse and factual. I appreciate this is at tension with the transparency that the community would hope to see, but Directors are also obligated to look after the Foundation’s legal requirements and financial interests.”